The FCA has issued a warning over a New York-based advice firm, which, it says, is operating in the UK without authorisation.

Trade association PIMFA, which represents 1,000 investment managers and financial advisers, has called on the FCA to “raise the bar” instead of banning contingent charging. 

The Pensions Regulator has called for small pension schemes to quit the market after new research findings.

The FCA has today fined Standard Life Assurance Limited (SLAL) £30,792,500 for failures related to non-advised sales of annuities.